SBP reserves rose by $392.8m in a week

MG News | July 06, 2023 at 11:42 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 06, 2023 (MLN): The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $392.8 million or 9.65% WoW to $4.46 billion during the week ended on June 30, 2023, according to the data released by the central bank on Thursday.

The increase in SBP reserves was due to receipt of official GoP inflows.

Similarly, the country's total reserves rose by $404.7m or 4.33% WoW to $9.75bn.

The reserves held by commercial banks rose by $11.9m or 0.23% WoW to $5.28bn.

**Summary of Holding and Weekly Change**
Foreign reserves held by	June 30, 2023	June 23, 2023	Change	% Change
State Bank of Pakistan	4462.7	4069.9	392.8	9.65%
Net Foreign Reserves Held by Banks	5282.8	5270.9	11.9	0.23%
Total Liquid Foreign Reserves	9745.5	9340.8	404.7	4.33%

Amount in USD Million

Copyright Mettis Link News

Related News

FPCCI calls for tax incentives to boost digital payments

PSW, PAA digitize cargo charges to streamline air trade

SECP proposes new VC law to unlock startup funding

Name	Price/Vol	%Chg/NChg
KSE100	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,770.00	79,200.00 78,525.00	250.00 0.32%
BRENT CRUDE	87.22	87.77 87.12	-0.62 -0.71%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.80 0.73%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	81.66	82.17 81.53	-0.57 -0.69%
SUGAR #11 WORLD	17.62	17.84 17.14	0.35 2.03%